Why Getting Pre-approved is Empowering
We have all been there, bought a car, and discovered it was not worth what we had paid for it. For those who have been there, you learn quickly why getting preapproved is empowering. You need all the help you can get when it comes to buying a car. There are many people out there who will take advantage of you, including your cousin, uncle, or neighbor. Make sure you have all the tools before you go car shopping. These tools help you get the best deal on your car.
Pre-approval is hard, right?
Getting preapproved for a car loan at your local credit union is simple. Preapproval means you'll know what size loan you qualify for, keeping you on budget. You'll also know what kind of rate you'll pay, which is better than most car dealerships will give you. It gives you the confidence to know what you can afford and empowers you to negotiate. It also lets you know when to walk away and find a better deal.
Applying for an Auto Loan with Elevate Credit Union is quick and easy. Come into one of our branches, give us a call, or even apply online. To find out more and apply online, click here: Elevate Auto.
To apply for pre-approval, you'll need to have a few things ready:
- Name and address
- Social Security number
- Driver's license number
- Employer information (name, hire date, gross income)
- Current housing information—monthly payment, time in current residence
If you have questions about how much you can afford or how financing works, we are happy to help.
Pre-approval letter
Your pre-approval letter is key and is a great advantage. It shows car sales staff that you're a serious buyer. And the salesmen also know what vehicles are in your price range, helping to stop up-selling. It removes the pressure of negotiating financing contracts at the dealership. It allows you to focus your attention on finding the right vehicle at the right price. And, if you need another incentive, our low auto loan rates can get you on a faster track toward making your dream car a reality.
Call, go online, or stop by Elevate Credit Union today. We're here to help with all of your vehicle loan needs.